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        <title>Bernegger.Exposure — BattleActs Exam 8 Forum</title>
        <link>https://www.battleacts8.ca/8/forum/index.php?p=/</link>
        <pubDate>Wed, 08 Apr 2026 11:11:13 +0000</pubDate>
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            <description>Bernegger.Exposure — BattleActs Exam 8 Forum</description>
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        <title>Fall 2016 Q21</title>
        <link>https://www.battleacts8.ca/8/forum/index.php?p=/discussion/209/fall-2016-q21</link>
        <pubDate>Sun, 22 Oct 2023 01:37:52 +0000</pubDate>
        <category>Bernegger.Exposure</category>
        <dc:creator>hreese4567</dc:creator>
        <guid isPermaLink="false">209@/8/forum/index.php?p=/discussions</guid>
        <description><![CDATA[<p>I'm not quite getting why the premium for the $1M-$4M layer is counted as subject premium for the treaty. Aren't we just pricing the $4M-$8M layer?</p>]]>
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    <item>
        <title>CAS Exam 2015 Q20</title>
        <link>https://www.battleacts8.ca/8/forum/index.php?p=/discussion/144/cas-exam-2015-q20</link>
        <pubDate>Sat, 22 Oct 2022 05:59:51 +0000</pubDate>
        <category>Bernegger.Exposure</category>
        <dc:creator>tracyguo8</dc:creator>
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        <description><![CDATA[<p>What do total risk premium and ceded risk premium mean? Are they expected total loss and expected ceded loss?</p><p><br /></p><p>Thanks!</p>]]>
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        <title>2017 Q18</title>
        <link>https://www.battleacts8.ca/8/forum/index.php?p=/discussion/118/2017-q18</link>
        <pubDate>Thu, 29 Sep 2022 01:07:00 +0000</pubDate>
        <category>Bernegger.Exposure</category>
        <dc:creator>pass8now</dc:creator>
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        <description><![CDATA[<p>I'm at a loss here as to how to tie part a to the source text.</p><p><br /></p><ol><li>What does the given "Exposure distribution" represent?:<ol><li>it's not G(x) since it's not an increasing function (and also G(x) is the objective of this question :) )</li><li>it's not G'(x) otherwise 1/G'(0) would be equal to the mean and 1/80% is not the mean (normalized or not normalized)</li><li>it's also not F(x) or f(x), since the examiner's report says we should have transformed the "exposure distribution" into a distribution of losses</li></ol></li><li>in the sample answer #2, the accepted definition of G(x) is E[x;1]/E[x]. since x is the normalized loss, this implies that E[x;1] = E[x], and therefore the accepted definition of G(x) yields G(x) = 1. How does this tie to the definition of G(d) on page 101, where G(d) = E[min(x;d)]/E[x].  </li></ol><p>In my opinion this is a key problem to understand the basics of this paper, but maybe it's notation, or a poorly written CAS question, or a code-18... but there is a lot that could be clarified here.</p><p><br /></p><p>Thanks for any clarification you can provide</p>]]>
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